- Annuities
- Are Annuities For You?
- Types of Annuities
- Understanding the Fees
- Things to Consider When Selecting an Annuity
Conduct a careful evaluation before you invest in an annuity. Consider the anticipated investment performance of the annuity, the fees being charged, and the soundness of the insurance company that stands behind your annuity.
Evaluating the Company
The financial strength and investment philosophy of the company issuing the contract is critical to the safety of your annuity contract. Check out the insurance company carefully.
Stay with companies that get high safety ratings from at least two companies that monitor insurer's financial health. The major insurance rating organizations are A.M. Best, Moody's, Standard & Poor's, Duff & Phelps, and Weiss Research. The ratings are based on a company's claims-paying performance, the quality of its investments, and its ability to withstand economic downturns.
IMPORTANT NOTE: Theoretically, in most states, an insurance company could sell your annuity contract to a company that is less sound. This shouldn't happen without your knowledge and consent. Review your statements carefully. If you receive notice of a sale, contact the insurance company and withhold your consent until you check out the other company.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
